Actuarial Senior Manager

POSITION TITLE: ACTUARIAL SENIOR MANAGER

Business Unit: Product Pricing

Level: Senior Manager

Reporting Line: Assistant Vice President

Position Accountability Statement

The position is accountable for ensuring actuarially sound, competitive, and financially sustainable pricing recommendations and quotations aligned with the company's profitability objectives and risk appetite; delivering accurate and timely pricing services; maintaining effective pricing governance and compliance; driving process improvements, automation, and operational efficiency; leading and developing a high-performing pricing team; and providing strategic pricing expertise and decision support to management and business stakeholders to support sustainable business growth and profitability.

Job Description

Pricing Governance and Technical Oversight

• Develops, reviews, and implements pricing policies, guidelines, procedures, and internal controls.
• Oversees the development, maintenance, and improvement of pricing models, tools, and assumptions.
• Ensures compliance with approved pricing methodologies, authorization limits, and documentation requirements.
• Reviews and endorses pricing-related memoranda, recommendations, and exceptions.
  
  

Business Support and Stakeholder Management

• Provides pricing expertise and recommendations to Sales, SMT, ELT, and other stakeholders on pricing and product-related matters.
• Supports client negotiations and presents pricing analyses and recommendations to SMT.
• Coordinates with relevant departments on pricing initiatives, business requirements, and strategic decisions.
  
  

Operational Excellence and Process Improvement

• Leads process improvements, system enhancements, and automation initiatives to improve pricing accuracy, efficiency, and turnaround time.
• Establishes and monitors productivity measures, service standards, and operational performance.
• Ensures pricing procedures, workflows, and departmental documentation are maintained and updated.
  
  

Department Management and People Leadership

• Establishes and monitors team targets and deliverables.
• Leads, coaches, and develops team members through performance management, training, and capability-building initiatives.
• Ensures effective resource allocation and timely submission of departmental reports and management updates.
• Assumes delegated responsibilities of the next higher approving authority when authorized.
  
  

Compliance And Corporate Responsibilities

• Supports internal and external audits and ensures timely resolution of audit findings.
• Ensures adherence to corporate policies, the Code of Conduct, and applicable regulatory requirements.
• Supports the company's strategic objectives, quality standards, and corporate values.
• Performs other related duties and special assignments as directed by management.
  
  

STANDARD RESPONSIBILITY STATEMENTS

• Strives to embody, commits to support, and deliver the quality policy, objectives and initiatives of the organization;
• Communicates, engages, directs, and supports people to contribute to the Governance and Resilience effectiveness;
• Demonstrates commitment to customers by ensuring applicable statutory and regulatory requirements are determined, understood and consistently met;
• Abides by the Governance and Resilience policies and procedures for the effective management and control of its processes; and
• Promotes and utilizes the Process Approach and Risk-based Thinking at work.
• Performs other related functions that may be assigned by the immediate superior
  
  

EDUCATIONAL REQUIREMENT

• Graduate of a 4- or 5-year college degree, preferably in Mathematics , Applied Mathematics , or Statistics .
  
  

Experience And Training

• At least 5 years of actuarial experience in health, life, or general insurance.
• With at least 3 years of proven leadership experience in managing teams or leading strategic initiatives.
  
  

Skills Requirement

• Effectively leads teams, manages performance, and oversees multiple projects to achieve business goals.
• Applies strong analytical skills to interpret complex data and use relevant tools for decision-making.
• Understands key industry practices and applies business knowledge to support strategic initiatives.
• Communicates clearly with stakeholders and works well with cross-functional teams.
• Drives improvements and adapts quickly to changing business needs and priorities.